3 Stocks to Just Plain Sell Now
With the original justification for buying these three growth stocks now invalid, Louis Navallier of InvestorPlace.com says it’s time to bail out and put money to work in more promising corners of the market.
Earlier in the month, I sent my subscribers a flash alert recommending that they exit open positions in shares of EQT Corporation (EQT). This was our way to play the natural gas boom in the US, and we added the stock because of its big investment in the massive Marcellus shale deposit.
But the recent low prices for natural gas have weighed on the company’s earnings results, and my rigorous weekend screens showed that buying pressure has slipped for the company. Sell EQT.
I also want to recommend today that you exit your positions in two more stocks:
BorgWarner (BWA) is a play in the auto parts industry. Here is a recent daily chart:
However, the company reported a first-quarter earnings miss, and investors have decided to let the stock coast for now.!--start-->!-->
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